Village Voice Editor Tony Ortega Is Leaving To Write A Scientology Book
September 14 2012 6:25 PM EDT
Tony Ortega, who has been the editor-in-chief of the Village Voice since 2007, announced via blog post on Friday that he is stepping down next week. The alt-weekly has seen a number of staff layoffs in the last few years.
Apple Wins Judgment Vs. Samsung In International Patent Dispute
September 14 2012 4:12 PM EDT
A judge at the U.S. International Trade Commission found that Apple hadn?t violated any of Samsung?s patent rights for products designed into the iPhone and iPad product lines. Last month, a jury in U.S. District Court in San Jose, Calif., determined Samsung had infringed upon Apple?s patents and awarded the Cupertino, Calif., company $1.05 billion in compensation.
Robert McKeon, Founder, Chairman Of Veritas Capital Management, Dead Of Suicide
September 14 2012 3:43 PM EDT
Robert B. McKeon, founder and chairman of private equity firm Veritas Capital Management LLC, committed suicide this week at his Darien, Conn., home, the state's medical examiner's office said Friday.
NFL’s Dan Marino Loses Millions: Why Did Digital Domain Go Bankrupt?
September 14 2012 1:43 PM EDT
NFL Hall of Famer Dan Marino is one of the major investors who lost millions when the visual-effects company filed for bankruptcy last week. The Oscar-winning company, founded in 1993 by James Cameron, had created effects for such movies as "Titanic," "The Curious Case of Benjamin Button" and the "Trasnformers" franchise.
Global Auto Industry Outlook: Auto Sales To Grow 6% In 2012
September 14 2012 12:40 PM EDT
Auto demand in global markets will continue its upward trend in 2012 and 2013 despite regional disparities. Nomura analysts forecast double-digit growth in the U.S. and Southeast Asia, but expect European demand to shrink 7 percent.
Apple To Reap Windfall On iPhone 5 As Component Cost Is $167.50, Techs Say
September 14 2012 12:39 PM EDT
Apple (Nasdaq: AAPL), the world's most valuable technology company, should reap another windfall from selling the iPhone 5 because component costs are only around $167.50, engineers at UBM TechInsights reported. Apple will sell the product for as much as $399 and charge wireless carriers about $450.
India Opens Gates To Foreign Retailers, Broadcasters, Airlines Amid Slowing Economy
September 14 2012 12:24 PM EDT
The government of India, the world's 10th largest economy by gross domestic product, passed wide-ranging laws on Friday expanding foreign investment in the retail, broadcasting and airline sectors, opening its doors to companies like Wal-Mart Stores Inc. (NYSE: WMT) amid slowing growth.
Amazon Publishing Reveals Sales Numbers In Email
September 14 2012 10:58 AM EDT
After seeing the unprecedented success of a title like "Fifty Shades of Grey," casual readers and publishing industry analysts alike were led to wonder what the future of digital publishing held for the book industry as Amazon Inc. (Nasdaq: AMZN) continues to edge out traditional publishing houses and retailers alike with its aggressive competitive pricing scheme. In an email sent to literary agents unearthed by GigaOM on Thursday, Amazon Publishing Vice President Jeff Belle revealed some ...
Apple iPhone 5 LTE Data Plan Won't Work On China's Largest Network
September 14 2012 10:42 AM EDT
The Apple Inc. (Nasdaq: AAPL) iPhone 5 won't work on the LTE infrastructure of China's largest mobile network, Nomura analysts reported Friday, the latest setback for a launch that is not making the expected waves in that Asian country.
Apple iPhone 5 Pre-Orders Sell Out Within An Hour; Handset Shipment Dates Slip To Two Weeks
September 14 2012 8:42 AM EDT
Just within an hour of the Apple (AAPL) iPhone 5 pre-orders going live, shipment dates for the new orders dropped to two weeks in the U.S., U.K., Canada, Germany and Australia, MacRumors stated.
Microsoft Santa Comes Calling; Free Surface Tablets, Work PCs, Windows Phone 8 Devices For Employees
September 14 2012 7:06 AM EDT
After the iPhone 5 euphoria, it's back to Goliath Microsoft. The Redmond-software giant seems to have ushered in Christmas in Fall by deciding to distribute free surface RT tablet, Windows Phone 8 device and a refreshed Windows 8 work machine, Geek Wire reported.
How Washington Subsidizes Home-Buying For The 1%: Report
September 14 2012 6:49 AM EDT
Government-owned Fannie Mae and Freddie Mac, which were set up to help blue-collar and middle-class workers buy their own homes at lower interest rates, are also helping the nation's one percent to purchase luxurious homes.
Top After-Market Nasdaq Movers (Analogic, Tessera, Big 5, MannKind, Skullcandy, Werner, Green Plains, Royal Gold, Affymetrix, Susser Holdings)
September 14 2012 1:33 AM EDT
The top after-market Nasdaq gainers Thursday were Analogic Corporation, Tessera Technologies Inc, Big 5 Sporting Goods Corporation, MannKind Corporation and Skullcandy. The top after-market Nasdaq losers were Werner Enterprises Inc, Green Plains Renewable Energy Inc, Royal Gold Inc, Affymetrix Inc and Susser Holdings Corporation.
Peregrine Financial's Wasendorf To Be Freed After Guilty Plea
September 13 2012 8:00 PM EDT
Peregrine Financial Group Chief Executive Russell Wasendorf Sr., who has confessed to stealing more than $100 million from his futures brokerage's clients, will be released from jail after he pleads guilty on Monday to mail fraud, lying to regulators and embezzling customer money, according to a judge's order.
Zynga Confirms New COO Maytal Ginzburg Olsha To Lead Entry Into Real Money Gambling
September 13 2012 7:05 PM EDT
Following its latest round of departures and continued erratic performance at the stock market, Zynga's future prospects have been looking increasingly bleak. Critics and industry analysts actually began counting the number of high-profile employees and executives left at the San Francisco-based social game developer, leading many to wonder how exactly the company hoped to recover from its current financial dilemma. On Thursday, the company finally offered up some details when it confirmed th...
iPhone 5 Plays: 5 Ways To Ride Tide Without Buying $700 Apple Shares
September 13 2012 4:47 PM EDT
Want to play the iPhone 5 craze created by Apple Inc. (Nasdaq: AAPL) and not pay the price for Apple's near-$700 shares. Think of some of its suppliers like Arm Holings (Nasdaq: ARMH) and Qualcomm (Nasdaq: QCOM), or even Corning (NYSE: GLW) whose products are designed into the product.
Facebook Ad Exchange Boasts Massive Return On Investment; Is The Social Network Finally Ready To Take On Google?
September 13 2012 4:26 PM EDT
Facebook (Nasdaq: FB) experienced a brief respite this week following several weeks of dismal business prospects and plummeting share prices. Launching an initial beta mode of its new advertising system known as Facebook Exchange Facebook Exchange (FBX), advertising partners revealed good news that might finally reverse the SanFrancisco-based social media giant's post-IPO fortunes: Facebook is now better at gathering advertising clicks from web users than its fellow internet giant and chief r...
Silver's Summer Rally To Gain 'Legs' From Fed's QE3 Initiative
September 13 2012 4:01 PM EDT
The Federal Reserve's third round of quantitative easing, or QE3, will benefit silver and gold prices by weakening the dollar and increasing risk appetite among investors, according to a report by UBS. But silver will gain the most.
iPhone 5 Release: 11 Features We Wish Apple Included At Launch [PHOTOS]
September 13 2012 3:22 PM EDT
The iPhone 5 has almost everything we expected - emphasis on "almost." The phone has all of the important features we predicted, including the taller and thinner build, the new 4-inch Retina Display with a 16:9 ratio for watching widescreen video, but there were many rumored features that didn't make it into the final product release, including NFC, 3D photography and the self-timing camera. Apple iPhone 5: 11 Features We Wish Were Included In The Final Release
EADS-BAE Merger Would Create Very Diverse Aerospace Company - Here's What It Would Produce
September 13 2012 1:37 PM EDT
EADS and BAE are once again talking of a possible merger that would create a $45 billion company with more than 200,000 employees. The vehicles the two companies make that would end up under one umbrella in the event of a mega-merger range from the world's biggest passenger plane to satellites and submarines.